BICOUSD
BICO/USDT READY TO PUMP 200%!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Do consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome in this chart, Do not consider it as an
According to this 2days chart, BICO is making this descending triangle .
Entry range:- CMP and more up to $1.37
Target:- 150%
SL:- If any daily candle close below $1.15
This chart is likely to help you in making better trade decisions, if it did do consider upvoting this chart.
Would also love to know your charts and views in the comment section.
Thank you
BICO - great "outside of Top 100" pickBiconomy is a multichain relayer protocol that aims to improve the user onboarding and transaction experience on decentralized applications (DApps). The project’s declared goal is to make web3 products as intuitive and easy to use as web2 products.
One of my favourite pick outside of Top 100 (350 000 000 million market cap), but I don't think you will see it there in few months (maybe weeks).
Project is on market since 01/2021 and it went through all the stages of new coins. Strong pump, dump, capitulation, accumulation and gently recovery before next strong move.
When it comes to availability on CEX, it is great! Over 30 exchanges and almost all major one did list BICO (Binance, Coinbase, FTX, ByBit, Huobi, etc.)
BICO is currently 75% down from ATH.
They are backed by some big crypto funds like: Coinbase Ventures Portfolio, Binance Labs Potfolio, Fenbushi Capital Portfolio, etc. Visit their site for more.
Community is also very active on telegram and twitter which is good sign too.
On chart you can see support/resistance zones. Zoom out to see full price action.
Just to reach 0.618 retracement from ATH, gain from current price level would be 190%!
I started buying at approx. 4.5$ and continued to buy every dip as current one. I like risk/reward ratio at current price level.
BICO: Has it Bottomed Out?After a massive rally, BICO collapsed 75% from the top within a week of its release.
There are a couple scenarios that could play out here:
Bullish scenario: The upper trend line breaks and BICO reverses to the upside toward $10+ as its next target.
Bearish scenario: The local support area breaks down (shaded rectangle) and we see prices between $3 - $5.
This is not financial advice. These are just my ideas and opinions.
BICO bullish swing trade for mefirst target for me is $14, then I will reenter at $10, then I will HODL to $50.
BICO, short-term long or buy, good opportunityAs shown in the figure, you can try to buy or go long right now.
This is a short-term trading strategy.
The profit-loss ratio is appropriate.
good luck!
